(a) Every rate made, demanded or received by any public utility, or by any two or more public utilities jointly, shall be just and reasonable.
(b) Every public utility shall furnish adequate, efficient and reasonable service.
N.C. Gen. Stat. § 62-131
Rates must be just and reasonable; service efficient
Applied in 1 court decision — leading case State ex rel. Utilities Commission v. Buck Island, Inc. (2004)
Most recently applied in State ex rel. Utilities Commission v. Buck Island, Inc. (February 2004)
1933, c. 307, ss. 2, 3; 1963, c. 1165, s. 1.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.